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A Hudson Valley man has been convicted for operating a multimillion-dollar investment club that was actually a Ponzi scheme.
Rockland County resident Ruless Pierre, age 51, of Nanuet, was convicted in Manhattan federal court of securities fraud, wire fraud, and structuring charges on Thursday, May 27.
According to the allegations contained in the complaint, indictment, and the evidence presented at trial:
From at least November 2016 through October 2019, Pierre solicited money from investors of Ruless Pierre Consulting Group by falsely promising them that he would earn a 20 percent return on their initial investment every 60 days through stock trading.
These investment contracts generally promised that the investor would be paid 20 percent interest every 60 days and that the investor could withdraw all funds from the investment with 30 days’ notice. Based on these documents and the false representations of Pierre, the investors understood
Swiss Life Admits to Conspiring to Cheat IRS
The insurance giant will pay more than $77 million for helping taxpayers hide nearly $1.5 billion from IRS.
Swiss Life, Switzerland’s largest insurance company, has agreed to pay $77.3 million to the US Treasury for conspiring with American taxpayers to hide more than $1.45 billion in offshore insurance policies from the IRS.
The insurance firm signed a deferred prosecution agreement under which it agreed to accept responsibility for its criminal conduct and to refrain from all future criminal conduct, enhance remedial measures, and continue to cooperate fully with further investigations into hidden insurance policies.
According to the statement of facts in the deferred prosecution agreement, which Swiss Life said is accurate, between 2005 and 2014 the firm maintained more than 1,600 private placement life insurance (PPLI) policies known as “insurance wrappers” through its affiliated insurance carriers in Liechtenstein, Luxembour
Newburgh man charged federally for armed robberies recordonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from recordonline.com Daily Mail and Mail on Sunday newspapers.
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A former elected official and substitute teacher who once unsuccessfully ran for mayor of an area village will spend years behind bars after being sentenced for attempting to entice an underaged former student to engage in sexual activity.
Putnam County resident Charles Hustis III, a former educator and village board member in Cold Spring, has been sentenced to five years in prison after pleading guilty to the attempted receipt of child pornography from a former student.
United States Attorney for the Southern District of New York Audrey Strauss said that between Sunday, Dec. 8, 2019, and Monday, Dec. 16, 2019, Hustis, then age 36, communicated over Facebook Messenger with a 16-year-old minor.